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HinduBusinessLine
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How Vietnam became a target in Trump’s trade war
- Vietnam, highly trade-dependent, with exports constituting almost 90% of GDP, is feeling the impact of Trump's trade war.
- Vietnamese exports to the US surged due to the 'China+1' strategy, with major companies like Nike, Lululemon, Gap, and Foxconn having suppliers in Vietnam.
- The rollout of reciprocal tariffs by Trump in April threatened Vietnam with a 46% levy on goods, affecting businesses and making long-term planning challenging.
- The shifting trade landscape has left Vietnamese businesses in an unpredictable environment, scaring off customers and creating obstacles for growth.
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Bloomberg Quint
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TCS Share Price Falls Over 2% On Weak Q1 Results, Cautious Outlook; Buy Or Sell?
- TCS share price fell over 2% after reporting weak Q1 results and a cautious outlook by brokerages.
- Net profit for TCS rose 4% to Rs 12,760 crore in Q1FY26 compared to the previous quarter.
- Leading brokerages expressed concerns about the demand environment for TCS in the next few quarters due to macro uncertainty.
- At 9:54 am, TCS shares traded 2.26% lower at Rs 3,306 apiece on the BSE, with the stock falling 15% in the last 12 months.
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Bloomberg Quint
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TCS Salary Hike 2025: ‘We Have Not Made A Decision’, Says Chief HR After Q1 Results
- Tata Consultancy Services (TCS) has not finalized plans for a salary hike for employees in 2025, as stated by its Chief HR Officer following the Q1 financial results.
- TCS reported a 4% rise in net profit for the quarter ending June 30, with net profit reaching Rs 12,760 crore.
- Despite revenue decline and slight dip in operating income, TCS added over 6,000 employees in the quarter, leading to concerns over a high attrition rate of 13.8%.
- The company remains cautious on compensation decisions, linking future wage increases to improved macroeconomic conditions and business performance.
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Bloomberg Quint
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85
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Man Retires At 45 With Rs 4.7 Crore From Simple Job And SIPs, Viral Reddit Post Leaves Users In Awe
- A man retired at the age of 45 with a Rs 4.7 crore corpus from a simple job and SIPs, catching attention on Reddit for his unique approach to personal finance.
- He started investing in mutual funds through SIPs in 1998, even when the concept was not common, gradually increasing his contributions as his salary rose.
- Despite living a frugal lifestyle for years in a 2BHK, riding a scooter, and taking minimal vacations, he managed to accumulate significant wealth through consistent saving and investing.
- The viral post on Reddit praised his financial discipline, with many users impressed by his ability to retire early and maintain a low-key lifestyle, while some raised concerns about potential compromises in enjoying his wealth.
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Bloomberg Quint
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437
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Zee Entertainment Shares Fall As Shareholders Reject Rs 2,237-Crore Warrants Issuance Proposal
- Zee Entertainment Enterprises Ltd.'s share price fell by 6.24% after shareholders rejected a proposal to raise Rs 2,237 crore through the issuance of warrants to promoters.
- The resolution failed as the number of votes in favor was less than three times the number of votes against it, with 59.5% in support and 40.5% in opposition.
- Most warrants were intended for issuance to a Mauritian promoter, including ousted board member Punit Goenka, with Sunbright Mauritius Investments Ltd. and Altilis Technologies Pvt. being the sources of funds.
- Approval of the proposal would have led to Sunbright subscribing to over 99% of the warrants, potentially acquiring a 14.92% stake in the company.
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Bloomberg Quint
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DMart Share Price Falls Ahead Of Q1 Results
- Shares of Avenue Supermarts Ltd. (DMart) fell 0.82% ahead of the company's first-quarter results on Friday.
- DMart's revenue for the June quarter is projected to increase by 17.8% year-on-year to Rs 16,583 crore, with a forecasted net profit growth of 14% to Rs 883 crore.
- In the previous quarter, DMart experienced a decline in profit but reported a revenue increase, leading to anticipation around the upcoming results amidst challenges in the consumer staples sector.
- Analysts predict potential muted top-line growth for companies in the consumer staples space due to weak underlying demand.
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Bloomberg Quint
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Rupee Opens Weak Against US Dollar Amid Tariff Tensions
- The Indian rupee opened weak against the US dollar at 85.83 on Friday, after closing at 85.65 on Thursday.
- Dollar-rupee forward premiums showed minimal movement, indicating limited support for an interest rate cut later this month.
- Ongoing tariff tensions between the US and other countries have contributed to volatility in the forex market.
- Oil prices remained steady as investors evaluated the impact of OPEC+ supply and President Trump's tariffs.
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Bloomberg Quint
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Tata Elxsi Share Price Falls Nearly 8% After Company Posts Decline In Net Profit
- Tata Elxsi Ltd.'s share price fell nearly 8% following a 16% decline in profit for the June quarter.
- Quarterly net profit dropped to Rs 144.37 crore from Rs 172.42 crore, while revenue decreased to Rs 892.10 crore from Rs 908.34 crore.
- EBIT declined by 11% to Rs 162.44 crore, with margins contracting to 18.2% from 20.1%.
- The CEO attributed the challenges faced in the quarter to macroeconomic uncertainties and industry-specific issues impacting R&D spend and decision-making cycles.
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Livebitcoinnews
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2025—DLMINING expands global cloud mining business
- DLMINING, a leading cloud mining platform, has expanded its global mining business to provide users with a more convenient and efficient way to mine cryptocurrencies.
- The company is known for offering high-yield mining solutions and has over 8 million users worldwide, attracting both new and experienced investors with its user-friendly interface and transparent operations.
- DL Mining distinguishes itself through features like daily earning potential of up to $1,500, operations powered by renewable energy, global reach, and a focus on user security.
- Cloud mining is gaining popularity for its ease of use and cost-effectiveness, allowing users to rent computing power without the need for expensive hardware.
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Bloomberg Quint
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648
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Glenmark Pharma's Mega Deal With AbbVie Has Brokerages Mixed
- Glenmark Pharmaceuticals Ltd. struck a deal with AbbVie for its cancer drug ISB 2001, receiving mixed reactions from brokerages.
- Nuvama maintained a 'neutral' outlook, while HSBC and Axis Capital are more optimistic about the deal's transformative impact and growth prospects for Glenmark.
- The deal includes an upfront payment of $700 million, potential milestone payments of up to $1.225 billion, and tiered royalties on sales, providing a significant financial boost.
- HSBC raised its target price to Rs 2,275, emphasizing the transformative nature of the deal and the potential for better sales growth and profitability for Glenmark.
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HinduBusinessLine
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Best of Indian mangoes showcased in Seattle
- Consulate General of India in Seattle, in collaboration with APEDA, organized an event to showcase the 'Flavors of Indian Mangoes' including five distinct varieties.
- The event aimed at trade promotion and increasing market access, with Washington State Attorney General Nick Brown among the distinguished guests.
- In 2024, Indian mango exports to the US grew by 19%, emphasizing the US as a crucial export market for Indian mangoes.
- Presentations by industry experts highlighted the significance of mango as a shared family experience in Indian culture, fostering discussions on wider availability in the US market.
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TheNewsCrypto
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Turn $100 Into $10,000 by Backing Ozak AI Before It Takes Off in 2025
- Invest in Ozak AI, a revolutionary blockchain platform blending predictive AI and analytics.
- Early backers could see investments multiply significantly with potential token price rise.
- Ozak AI combines AI technology and blockchain for real-time market insights, offering strong growth potential.
- Investors stand to gain with Ozak AI's presale, anticipating significant returns as it expands.
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